diff --git a/pallets/vtoken-minting/src/lib.rs b/pallets/vtoken-minting/src/lib.rs
index 0b46582f6..d40a79999 100644
--- a/pallets/vtoken-minting/src/lib.rs
+++ b/pallets/vtoken-minting/src/lib.rs
@@ -219,6 +219,10 @@ pub mod pallet {
 		FastRedeemFailed {
 			err: DispatchError,
 		},
+		CurrencyTimeUnitRecreated {
+			token_id: CurrencyIdOf<T>,
+			time_unit: TimeUnit,
+		},
 	}
 
 	#[pallet::error]
@@ -802,6 +806,23 @@ pub mod pallet {
 			Self::deposit_event(Event::MinTimeUnitSet { token_id, time_unit });
 			Ok(())
 		}
+
+		#[pallet::call_index(13)]
+		#[pallet::weight({0})]
+		pub fn recreate_currency_ongoing_time_unit(
+			origin: OriginFor<T>,
+			token_id: CurrencyIdOf<T>,
+			time_unit: TimeUnit,
+		) -> DispatchResult {
+			T::ControlOrigin::ensure_origin(origin)?;
+
+			OngoingTimeUnit::<T>::mutate(&token_id, |old_time_unit| {
+				*old_time_unit = Some(time_unit.clone())
+			});
+
+			Self::deposit_event(Event::CurrencyTimeUnitRecreated { token_id, time_unit });
+			Ok(())
+		}
 	}
 
 	impl<T: Config> Pallet<T> {
diff --git a/pallets/vtoken-minting/src/tests.rs b/pallets/vtoken-minting/src/tests.rs
index f2d91c3e7..55825f508 100644
--- a/pallets/vtoken-minting/src/tests.rs
+++ b/pallets/vtoken-minting/src/tests.rs
@@ -489,3 +489,22 @@ fn fast_redeem_for_fil() {
 		);
 	});
 }
+
+#[test]
+fn recreate_currency_ongoing_time_unit_should_work() {
+	ExtBuilder::default().one_hundred_for_alice_n_bob().build().execute_with(|| {
+		env_logger::try_init().unwrap_or(());
+
+		// set KSM ongoing time unit to be Era(1)
+		OngoingTimeUnit::<Runtime>::insert(KSM, TimeUnit::Era(1));
+		assert_eq!(VtokenMinting::ongoing_time_unit(KSM), Some(TimeUnit::Era(1)));
+
+		// recreate_currency_ongoing_time_unit the ongoing time unit of KSM to be Round(2)
+		assert_ok!(VtokenMinting::recreate_currency_ongoing_time_unit(
+			RuntimeOrigin::signed(ALICE),
+			KSM,
+			TimeUnit::Round(2)
+		));
+		assert_eq!(VtokenMinting::ongoing_time_unit(KSM), Some(TimeUnit::Round(2)));
+	})
+}
diff --git a/pallets/vtoken-minting/src/weights.rs b/pallets/vtoken-minting/src/weights.rs
index f83fd7ca5..2cdc0f2de 100644
--- a/pallets/vtoken-minting/src/weights.rs
+++ b/pallets/vtoken-minting/src/weights.rs
@@ -65,6 +65,7 @@ pub trait WeightInfo {
 	fn rebond() -> Weight;
 	fn rebond_by_unlock_id() -> Weight;
 	fn on_initialize() -> Weight;
+	fn recreate_currency_ongoing_time_unit() -> Weight;
 }
 
 // For backwards compatibility and tests
@@ -278,4 +279,10 @@ impl WeightInfo for () {
 		Weight::from_parts(15_243_000, 3492)
 			.saturating_add(RocksDbWeight::get().reads(1_u64))
 	}
+
+	fn recreate_currency_ongoing_time_unit() -> Weight {
+		Weight::from_parts(70_238_000, 4197)
+			.saturating_add(RocksDbWeight::get().reads(2_u64))
+			.saturating_add(RocksDbWeight::get().writes(1_u64))
+	}
 }
diff --git a/runtime/bifrost-kusama/src/weights/bifrost_vtoken_minting.rs b/runtime/bifrost-kusama/src/weights/bifrost_vtoken_minting.rs
index 357805ee9..5868cdd65 100644
--- a/runtime/bifrost-kusama/src/weights/bifrost_vtoken_minting.rs
+++ b/runtime/bifrost-kusama/src/weights/bifrost_vtoken_minting.rs
@@ -263,4 +263,10 @@ impl<T: frame_system::Config> bifrost_vtoken_minting::WeightInfo for BifrostWeig
 		Weight::from_parts(16_763_000, 3492)
 			.saturating_add(T::DbWeight::get().reads(1))
 	}
+
+	fn recreate_currency_ongoing_time_unit() -> Weight {
+		Weight::from_parts(70_238_000, 4197)
+			.saturating_add(T::DbWeight::get().reads(2_u64))
+			.saturating_add(T::DbWeight::get().writes(1_u64))
+	}
 }
diff --git a/runtime/bifrost-polkadot/src/weights/bifrost_vtoken_minting.rs b/runtime/bifrost-polkadot/src/weights/bifrost_vtoken_minting.rs
index 357805ee9..5868cdd65 100644
--- a/runtime/bifrost-polkadot/src/weights/bifrost_vtoken_minting.rs
+++ b/runtime/bifrost-polkadot/src/weights/bifrost_vtoken_minting.rs
@@ -263,4 +263,10 @@ impl<T: frame_system::Config> bifrost_vtoken_minting::WeightInfo for BifrostWeig
 		Weight::from_parts(16_763_000, 3492)
 			.saturating_add(T::DbWeight::get().reads(1))
 	}
+
+	fn recreate_currency_ongoing_time_unit() -> Weight {
+		Weight::from_parts(70_238_000, 4197)
+			.saturating_add(T::DbWeight::get().reads(2_u64))
+			.saturating_add(T::DbWeight::get().writes(1_u64))
+	}
 }